Berkeley, IL Cost of Living

Berkeley cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.

Displayed above is a general overview of the Berkeley, IL cost of living index. The overall cost of living index in Berkeley, IL is 106, which is 7% higher than the Illinois average and 6% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Berkeley, IL are 14% higher than the Illinois average and 15% higher than the national average.

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How would you rate the cost of living in Berkeley?Excellent. Goods, services and housing are all very affordable.Good. Most goods and services are affordable.Poor. Everything is more expensive than I'd like.Awful. You'll have to take out a loan to live here.View resultsWrite a review to give others more information about this area.Is the cost of living increasing or decreasing in Berkeley?Decreasing rapidly. Costs are dropping at a rapid rate.Decreasing steadily. Costs of goods and services are declining.Increasing steadily. Price are inreasing, but at a reasonable rate.Increasing rapidly. I can barely keep up with the increasing prices.View resultsWrite a review to give others more information about this area.

Did you know?

The cost of living in Berkeley is 7% higher than the Illinois average.

The cost of living in Berkeley is 6% higher than the national average.

The cost of housing in Berkeley is 6% lower than the national average.

Compare Berkeley, IL Cost of living To Other Cities

Salary Calculator

I currently make 50,000This is how much you would need to earn in Price difference in compared to

Cost of living index

Goods & Services index

Groceries index

Health care index

Housing index

Transportation index

Utilities index

Using the salary calculator lets you compare the salary you earn in Berkeley, IL to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Berkeley, IL, you have to earn a higher income in order to still have the same standard of living. To operate the Berkeley, IL salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median Income

Per Year

Per Month

Max Budget (28% DTI)

Max Budget (36% DTI)

Owners

$76,328

$6,361

$1,781

$2,290

Renters

$45,806

$3,817

$1,069

$1,374

A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Berkeley, IL, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Berkeley, IL has a median income of about $76,328 for people who own homes. Based on that number, a person should spend a maximum of $1,781 on expenses related to housing. Renters have a slightly different median income, which is $45,806. Based on this average, renters should spend no more than $1,069 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Illinois Sales Tax

State

General Sales Tax

With Max Surtax

Illinois

6.25%

10.25%

Illinois Income Tax

State

Income Tax (Low)

Income Tax (High)

Illinois

3.75%

3.75%

The Illinois sales tax and Illinois income tax rates should definitely be considered when determining the overall cost of living in Berkeley, IL. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Illinois sales tax is 6.25% and the maximum surtax is 10.25%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Illinois income tax rates range from 3.75% to 3.75%.

Goods & Services

Item

Berkeley

National avg.

Difference

Haircut

$20.00

$16.09

24.3%

Beauty Salon

$69.87

$37.33

87.2%

Toothpaste

$2.80

$2.45

14.3%

Shampoo

$0.98

$1.00

1.7%

Movie

$13.72

$10.28

33.5%

Bowling

$8.00

$4.93

62.2%

Groceries

Item

Berkeley

National avg.

Difference

Ground Beef

$4.33

$3.80

13.8%

Fried Chicken

$1.28

$1.40

8.1%

Milk

$1.95

$2.01

2.9%

Potatoes

$3.79

$3.01

26.0%

Pizza

$9.99

$9.89

1.1%

Beer

$8.49

$8.90

4.6%

Health Care

Item

Berkeley

National avg.

Difference

Optometrist

$95.00

$102.16

7.0%

Doctor

$100.00

$108.36

7.7%

Dentist

$102.33

$92.53

10.6%

Ibuprofen

$9.87

$9.28

6.4%

Lipitor

$414.41

$425.82

2.7%

Housing

Item

Berkeley

National avg.

Difference

Home Price

$166,100.00

$184,700.00

10.1%

Avg. Mortgage Payment

$1,785.17

$1,202.44

48.5%

Apartment Rent

$977.00

$949.00

3.0%

Transportation

Item

Berkeley

National avg.

Difference

Gasoline

$2.93

$2.24

30.6%

Tire Balancing

$55.00

$46.29

18.8%

Utilities

Item

Berkeley

National avg.

Difference

All Electricity

$130.69

$165.96

21.3%

Phone

$29.99

$28.68

4.6%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.